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Keurig Green Mountain, the capsule coffee maker, will work with Kraft, and its share price has soared.
According to the cooperation agreement, which did not disclose details, Green Mountain Coffee will start filling capsule coffee with coffee ingredients provided by Kraft, MarketWatch reported.
The addition of Kraft's well-known brands such as Maxwell House, Yuban and Gevalia will greatly expand Keurig's capsule coffee range.
More significantly, the deal also comes with McDonald's McCafe-branded coffee, which may also help boost sales of the world's largest fast-food company.
Earlier this week, Kraft announced that it would start using its distribution channels across the United States to supply McDonald's McCafe-branded coffee powder and raw beans to supermarkets and various food retailers. It is planned to start shipping early next year.
According to the sales agreement between Kraft and McDonald's, when Kraft and Green Mountain Coffee signed a supply agreement, they also brought McCafe into the capsule coffee market.
At present, in addition to Green Mountain Coffee's own brand coffee, well-known brands such as Starbucks and Folger have also joined the capsule coffee market.
McCafe, which went public in 2009, has become a key winning weapon for McDonald's to rush into the breakfast market, providing consumers with cheap and high-quality Indonesian Java coffee. McDonald's said McCafe led to a 70 per cent increase in overall coffee sales.
Kraft and McDonald's Coffee, with high brand awareness, introduced Green Mountain's rapidly expanding sales network to boost Green Mountain's share price.
After the news was announced, Green Mountain Coffee shares rose 15.61 yuan, or 13.26 percent, to close at $133.36.
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What is Green Mountain Coffee? How much is green mountain coffee? how much is a cup of green mountain coffee?
Exchange of professional coffee knowledge more information on coffee beans Please follow the coffee workshop (Wechat official account cafe_style) I often hear some friends discuss which is better, but in fact, there is no comparison between Green Mountain Coffee and Blue Mountain Coffee, because Green Mountain Coffee refers to Green Mountain Coffee Company, and Blue Mountain Coffee refers to coffee beans produced in the Blue Mountains of Jamaica. Green Mountain Coffee
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Read Green Mountain Coffee Business Model how much is Green Mountain Coffee what is the price of a cup of Green Mountain Coffee
Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style) if you only know Starbucks before, then this article may give you double benefits: eye-opening + learning business model. The growth history of Green Mountain Coffee can be simply summarized as early selling habits, late selling standards, its business model in terms of words, and
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